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Understanding NYC’s 401(k) Rules for Startups: A Guide for Small Employers

Shay CPA

Tax Credits and Incentives for Setting Up a Retirement Plan Setting up a 401(k) or similar plan can bring federal tax benefits, including: SECURE Act Small Business Tax Credit: Employers with fewer than 100 employees may claim a tax credit for up to three years to offset the administrative costs of starting a retirement plan.

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The impact of the SALT cap on state income taxation: What’s at stake

ThomsonReuters

However, the cap enacted in the Tax Cuts and Jobs Act (TCJA) of 2017 has significantly impacted taxpayers who itemize their deductions, particularly those living in high-tax states like California, New York, and New Jersey.

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Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

If you’re searching for an “Enrolled Agent near me,” you’re likely looking for someone who can provide a wide range of tax services. Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Business Tax Preparation Business tax preparation is another critical service offered by Enrolled Agents.

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The impact of the SALT cap on state income taxation: What’s next after the One Big Beautiful Bill Act

ThomsonReuters

The compromise reflects both revenue concerns and growing pressure from constituents in states like California, New York, and New Jersey. This resolution ends years of negotiations between the House and Senate, who had previously disagreed on whether the cap should be expanded or maintained. Here’s why: 1. 

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On the move: RRBB adds partner

Accounting Today

NEW JERSEY Dan Laidlaw Dan Laidlaw was hired as a partner at Rosenberg Rich Baker Berman and managing member at RRBB Advisors, Somerset, joining the assurance and SEC practices. MICHIGAN Laura LaPeer was appointed chief financial officer at UHY, Farmington Hills.

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Advanced Section 1202 (QSBS) Planning for S Corporations

CPA Practice

Many states, but not all, including notably California and New Jersey, do not follow the federal treatment of QSBS. [2] 3] Section 1202(c)(1)(A) provides that QSBS is stock in a C corporation if “as of the date of issuance, such corporation is a qualified small business.” 2] Section 1202(c)(1). [3]

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In the blogs: Making choices

Accounting Today

899; IRMMA tactics; and other highlights from our favorite tax bloggers. Making choices Taxable Talk ( [link] ): Just send that return for all to see: Missouri has joined New Jersey in the bloggers hall of shame for encouraging identity theft. EDT 3 Min Read Facebook Twitter LinkedIn Email Emailing an unprotected return; Sec.